The clinical perinatal software monitor the health of the fetus and pregnant women. It provides information about any complexity that may arise during the prenatal period, which helps to minimize the problems during the pregnancy. Increasing awareness and a rising birth rate & post-date pregnancy drive the market. Furthermore, increasing healthcare expenditure, continuous development in technology, and increasing government support for research & development have fuelled the market growth. On the other hand, complex user interface and high cost of the software may slow the market growth over the assessment period.
General Electric, Edan Instruments, Inc., Huntleigh Healthcare Limited, Koninklijke Philips N.V., K2 Medical Systems, PeriGen, Inc, Cerner Corporation, Trium Analysis Online, are some of the prominent players at the forefront of competition in the Global Clinical Perinatal Software Market and are profiled in MRFR Analysis.
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The healthcare sector is evolving at a rapid pace. Introduction of advanced technology and software have improved the quality of research and treatment. e-Health has attracted considerable attention as a means of supporting maternal and perinatal health care. Approximately 45% of births in low and middle income countries are assisted by skilled personnel. This suggests, not only a severe crisis of human resources for quality healthcare, but also serious health inequities across these countries. The use of the advanced software has the potential to significantly improve management of patients, research, tracking diseases, and monitoring public health.
Perinatal software can improve effectiveness and management of the pregnancy by identifying the complexity that may arise during the prenatal period. Rising healthcare spending and government initiatives for educating the people has led to increase in the use of the software, ultimately driving the market growth.
Global Clinical Perinatal Software Market – Competitive Analysis
A limited number of industries are working in the development of clinical perinatal software. Through extensive research, it is found out that the market players have adopted the strategy of development of innovative & advanced software, and acquisition. Since the many companies present in the market are privately held, the financial information of some of the companies is not available in the public domain. On the basis of the market study, we found some key players operating in this market: GE Healthcare, Edan Instruments, Inc., Huntleigh Healthcare Limited, KONINKLIJKE PHILIPS N.V, K2 Medical Systems, and Cerner Corporation.
KONINKLIJKE PHILIPS N.V is one of the leading players in the market with a huge global presence and over 114,000 employees. The company has a significant presence in the Americas, Europe, and Asia Pacific and its research and manufacturing units are present in over one dozen countries.
Many leading players are concentrated in the Americas owing to well-established market and high healthcare expenditures; these players have expanded their market in other region as well. Furthermore, the companies such as K2 Medical Systems, Edan Instruments, and Huntleigh Healthcare Limited are well-established in European market. The major 2 players namely GE Healthcare and KONINKLIJKE PHILIPS N.V account for 52.9% share of the global clinical perinatal software market.
There has been development in the software by various others companies such as K2 Medical Systems in May 2017 launched the INFANT-Guardian that provides the full electronic patient information during the time of childbirth. Furthermore, in April 2017 the company PeriGen launched the first electronic perinatal dashboard to identify patients having critical conditions. These developments by the players is further influencing the growth of the market.
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The Americas clinical perinatal software market is expected to reach till USD 112.93 million by 2023 at a CAGR of 6.9% from 2017 to 2023.
The global clinical perinatal software market is segmented on the basis of regions: America, Europe, Asia Pacific, and the Middle East & Asia. The Americas account for the major share of the market owing to the well-developed technology, high healthcare expenditure and the presence of the leading players. People in this region focus more on the health, which leads the market development. Europe accounts for the second largest market, which is followed by Asia Pacific. Government support for research & development, well-developed healthcare infrastructure, and higher healthcare funds have driven the European clinical perinatal software market. Germany, UK, and France hold the major share of the European market. Asia Pacific is the fastest growing clinical perinatal software market. Increasing need for better diagnostic methods, rapidly changing healthcare sector, and presence of huge opportunities for the development of this market have paved way for the market growth. However, the Middle East & Africa has the least share in the market owing to the presence of poor and slow developing countries, especially, in African region. The Middle East holds the major share of the market due to well-developed infrastructure & technology and high spending.
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